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US CFTC orders UK trader to pay $150,000 for spoofing crude oil futures contracts

( August 1, 2023, 20:08 GMT | Official Statement) -- MLex Summary: The US Commodity Futures Trading Commission said it filed and settled charges against UK trader Adam Cobb-Webb for "engaging in multiple instances of spoofing" in West Texas Intermediate light sweet crude oil futures contracts from 2021 to 2022. The order imposes a $150,000 penalty and bans Cobb-Webb from CFTC-regulated trading.Statement follows below:...

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